Payment of Dividend Tax

This query is : Resolved 

11 June 2009 Our Company Decalred dividend in the AGM conducted on 10-06-2009.

Financial Year in question is 2008-09 ending on 31-3-2009.

When dividend Tax is to be paid , what Assessment Year Should be mentioned on the Challan for payment of Dividend Tax to the government?

11 June 2009 Section 115 O (3) - dividend tax to be deposited within 14 days of declaration of dividend (I.e. from 10-06-2009).

Assessment year would be 2010-11 because dividend is declared in 2009-10 financial year.


11 June 2009 The above is correct and if it not paid within the time limit then the company shall be liable to pay simple interest at the rate of one per cent for every month or part thereof on the amount of such tax for the period beginning on the date immediately after the last date on which such tax was payable and ending with the date on which the tax is actually paid.


11 June 2009 Agree with the answers above.

11 June 2009 In my opinion the assessment year should be 2009-10 as in the case of self-assessment tax which is paid in next year but the year for which it is paid is mentioned.



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